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Silver Surges Past $100; Gold Hits Record $5,000

1/24/2026

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Summary

Story summary

Silver prices surpassed $100 per ounce for the first time, rising 4.05% amid geopolitical tensions and expectations of U.S. rate cuts.
Gold reached a record high of nearly $5,000 per ounce, supported by demand for safe-haven assets.
Analysts say both metals benefit from ongoing tariff concerns and low liquidity in the market.
Central banks continue to buy gold, underpinning its price as investors monitor economic data and Federal Reserve decisions.

History

Historical Context

The Gold Standard Act of 1900 established gold as the sole basis for U.S. currency, fixing its value at approximately $20.67 per ounce. By 1933, the U.S. held around 20,000 metric tons of gold, but the Great Depression prompted President Franklin D. Roosevelt to abandon the gold standard, leading to significant monetary policy changes that shaped modern economic stability and the role of precious metals.

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Story summary

Silver prices surpassed $100 per ounce for the first time, rising 4.05% amid geopolitical tensions and expectations of U.S. rate cuts.
Gold reached a record high of nearly $5,000 per ounce, supported by demand for safe-haven assets.
Analysts say both metals benefit from ongoing tariff concerns and low liquidity in the market.
Central banks continue to buy gold, underpinning its price as investors monitor economic data and Federal Reserve decisions.

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